Hard Technicals or Fanciful Dreaming14 Jan 2022 12:07
'Trading' Support is £4.29p, which it is currently just about bouncing off, which is good. However, if it falls through this, then Support 1 is down at £3.92p and Support 2 is at £3.42p. 'Trading' Resistance is at £4.55p [which, despite the strong RNS is hasn't managed]. If it did manage to, then Resistance 1 is at £5.36p. ML news will be a long way off yet, and I feel, will not have anything like as big an effect as people are making out (sorry, but you're clutching at straws a bit with the ML story). What is holding this back, is a lack of buyers basically. Just as this was never going to hit £5 this week, I personally feel that £4.35p to £4.75p is completely fair for the moment, based on hard facts (their latest results this week), rather than woolly extraneous noise. But whatever makes you feel better. . .